Senate Duo Weighs Stricter Crypto Ethics Rules in Clarity Act Revamp
Bipartisan senators are crafting a tougher concession on crypto limits to secure votes for the bill.
A bipartisan pair of U.S. senators is working to strengthen the ethics provisions of the Clarity Act, according to sources familiar with the discussions. The move comes as the lawmakers seek to balance President Trump's initial concession on crypto limits with a proposal that can attract sufficient yes votes in the Senate.
Behind the Scenes
Insiders say the two senators, whose identities have not been publicly confirmed, are revising the section of the bill that addresses ethical boundaries for crypto holdings among government officials. Their goal is to create a more rigorous framework than the version previously approved by Trump, while still maintaining bipartisan support.
The Clarity Act, which aims to provide legal certainty for digital assets, has been a focal point of congressional debate. The new ethical amendments are reportedly designed to address concerns about conflicts of interest and insider trading, issues that have dogged the crypto industry in recent years.